Posted Sep. 18, 2012 at 1:03 p.m.
San Francisco — Alibaba is paying $7.1 billion to buy back Yahoo's 20 percent stake in the company and an additional $550 million to cover revised technology and licensing agreement. Yahoo will retain a roughly 20 percent stake in Alibaba.Copyright 2013 WRAL Tech Wire. All rights reserved.
Yahoo gets $6.3B in cash for Chinese company stake
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San Francisco — Alibaba is paying $7.1 billion to buy back Yahoo's 20 percent stake in the company and an additional $550 million to cover revised technology and licensing agreement. Yahoo will retain a roughly 20 percent stake in Alibaba.Copyright 2013 WRAL Tech Wire. All rights reserved.
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